World Economic Forum on India 2012

From Deliberation to Transformation
National Capital Region, Gurgaon, India 6-8 November 2012

Blog

India’s next breakthrough starts now


Last year, journalist Swaminathan Aiyar wrote a cheerful essay entitled “The Elephant that Became a Tiger”. It was a snub to The Economist which had referred to India as “the Caged Elephant” in a briefing published in 1991. That year, a bold and visionary Manmohan Singh, then Finance Minister, oversaw the dismantling of the infamous Licence Raj and set the economy on a new path. Today, one wonders about the Tiger’s condition....

Date posted: November 8, 2012
News

Montek Ahluwalia Sees Signals of Turnaround in Indian Economy

Desirée Mohindra, Associate Director, Media: Tel.: +91 887 977 3132, E-mail: desiree.mohindra@weforum.org

  • Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, sees signals of a turnaround in the Indian economy and predicts stronger growth in the second six months of the financial year.
  • A GDP growth target of 7% next fiscal year is not impossible to achieve.
  • The government’s latest reforms and the new five-year plan are part of a huge agenda, the...
Date posted: November 8, 2012
Session Summary

Game Changers in Education


Key Points

  • India has a huge young population but has an equally large shortage of educational provision.
  • Major investment in education is needed.
  • Technology will play a major part in providing solutions to India’s skills shortage.

 Synopsis

By 2022, one in four of the world’s workforce will be in India. But a yawning skills gap and an almost complete lack of provision for vocational training must be addressed if the country is to make the most of this population dividend.

India currently spends less...

Date posted: November 8, 2012
Session Summary

India: The Workshop of the World?


Key Points

  • Industry needs to collaborate with the government in sponsoring development and technical education.
  • Efforts need to be made to harmonize labour relations and establish best practices.

 Synopsis

India’s growth story now needs to focus on talent and innovation in manufacturing to provide the competitive advantage in the future. Currently, manufacturing contributes barely 16% of GDP. What measures can raise that figure to 25%?

Experts agreed that manufacturing can improve only through clusters....

Date posted: November 8, 2012
Session Summary

Closing South Asia's Gender Gap



Key Points

  • Indian cultural norms militate against women reaching top positions.
  • Helping poor rural women will require very different policies from those needed to help middle class women.
  • Some industries have best practices that can be emulated by other industries to get more women into the workplace.

 Synopsis

The position of Indian women is characterized by extreme opposites. Rural women have no access to education and few opportunities for work beyond agriculture. If a work...

Date posted: November 8, 2012